A third JP Morgan employee has died under mysterious circumstances in a matter of few weeks. A still unidentified “Chinese male in his thirties” jumped from the roof of Charter House, the 30 floor Hong Kong headquarters of JPM.

Despite attempts to talk him down, the man jumped before
emergency crews arrived, landing on the road outside the
building. The man who jumped was taken to Ruttonjee Hospital
where he was declared dead on arrival.

The unidentified man, aged about 33, was a junior employee who
served a supporting function at the bank and wasn’t involved in
investment activity, according to Bloomberg. Rumors circulating
in the media say that his last name was Li.

A colleague of the man said that before the suicide he had
complained about heavy work-related stress, though police say no
suicide note has been found.

“Out of respect for those involved, we cannot yet comment
further. Our thoughts and sympathy are with the family that's
involved at this difficult time,” JP Morgan said in an
e-mailed statement.

The latest apparent suicide marks the 3rd sudden death at JP
Morgan and the 6th in the global financial world in just a few
weeks.

On February 3, a 37 – year old JP Morgan executive director died
at his home in Stamford, Connecticut. The cause of death,
however, remains unclear and will be determined after a
toxicology report is completed.

About a month ago, 39-year-old Gabriel Magee, a JP Morgan vice
president in technology operations, died after falling from
JPMorgan’s London headquarters.

Other apparent business suicides include a 58-year-old former senior
manager for Deutsche Bank, who was found hanged in his home; Karl
Slim, the managing director of Tata Motors aged 51, and
50-year-old Mike Dueker who worked for Russell Investment and was
found dead on January 29 close to the Tacoma Narrows Bridge in
Washington State after being reported missing on the same day.

Also reporter David Bird, who works in the Dow Jones newsroom
went missing on January 11 when he left his New Jersey home for a
walk.

Fine burden

Major world banks are under regulatory scrutiny over their so
called “pre-crisis cheating” and multi-billion dollar
rigging of benchmark and commodity rates.

JP Morgan and Deutsche Bank have been hit the hardest, with JPM
being fined a record $4 billion and Deutsche Bank facing a $1.93
billion bill.

In January, JP Morgan also admitted it had aided the Bernie
Madoff Ponzi scheme by turning it a blind eye, but the US
Department of Justice decided then not to send anyone from the
firm to jail under a deferred prosecution agreement.

In March 2013 the US Senate Permanent Subcommittee on
Investigation published a 307 page report that described in
detail JP Morgan’s financial irregularities and deliberate
masking of some critical financial information.

More recently, JP Morgan was fined $614 million for concealing the full
risk associated with the mortgage securities it sold Freddie Mac
and Fannie Mae ahead of the crisis.

In September last year JP Morgan Chase agreed to pay $920 million in fines to settle probes
related to the “London Whale” financial debacle of 2012. Bank
employee Bruno Iksil, nicknamed “London Whale” for the size of
his operations, was notorious for his “casino bets” of other
people’s money, which caused the bank about $6.2 billion in
losses.

Overall, eight world banking giants were fined a record combined total of €1.71bn by the
European Commission for manipulating with the benchmark Libor and
Euribor rates.

According to the EU investigation, Deutsche Bank, Barclays,
Société Générale, RBS, UBS, JPMorgan, Citigroup and RP Martin
were part of two separate illegal cartels which conspired to
manipulate Euribor and Libor to benefit their own positions in
euro and Japanese yen-denominated interest rate derivatives
markets.